A registered rep participates in a networking arrangement at a bank. If the rep receives compensation for referrals, what must be ensured to comply with FINRA rules?

1. AThe bank must provide written approval for each referral.
2. BThe rep must share the compensation with unregistered bank staff.
3. CThe rep can accept compensation without restriction.
4. DThe rep must disclose the compensation arrangement to clients.✓ Correct answer

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